Greenhaven Road Investment Management, L.P. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Greenhaven Road Investment Management, L.P. reported 16 stock positions worth $227.4 million . Its top holding was Par Technology (PAR) at 31.4% of the portfolio, followed by KKR (KKR, 15.7% ) and Cellebrite Di (CLBT, 12.8% ). Compared with Q4 2023, it opened 2 new positions, sold out of 4, added to 5 and reduced 5. The biggest buy was Par Technology (PAR, shares +35% ) and the biggest sale an exit from Api (APG).
Location GREENWICH, CT
CIK 0001741129
Portfolio Value $227.4M (Q1 2024) Holdings 16 stocks · $227.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 PAR Par Technology Corp. 1,574,308 $71.4M Add +35.1% KKR KKR & Co. Inc. 355,700 $35.8M Reduce -17.4% CLBT Cellebrite Di Ltd. 2,635,220 $29.2M Reduce -7.8% BUR Burford Capital Ltd. 1,622,622 $25.9M Add +2.5% ALTG Alta Equipment Group Inc. 884,607 $11.5M New LFCR Lifecore Biomedical Inc. 2,144,018 $11.4M Reduce -9.4% HGTY Hagerty Inc. Class A 1,179,302 $10.8M Add +13.0% LPX Louisiana-Pacific Corp. 104,617 $8.8M New MKTW Marketwise Inc. 4,396,616 $7.6M No change APPS Digital Turbine Inc. 2,556,462 $6.7M Add +31.8% BNED Barnes & Noble Education Inc. 5,256,342 $3.8M No change KWY Kingsway Corp. 403,395 $3.4M No change INVESCO QQQ TR 1,220 $828K No change MTRX Matrix Service Co. 15,750 $205K Add +14.3% MAMA Mama's Creations Inc. 15,011 $75K Reduce -25.7% RSSS Research Solutions Inc. 19,984 $63K Reduce -22.2%
Other holdings (3): bonds, preferreds, convertibles and warrants · $8.7M (not counted above) Security Class Shares / Principal Value Change CLBTW Cellebrite Di Ltd. -CW23 *W EXP 99/99/999 2,536,109 $5.5M Reduce -11.6% HAGERTY INC *W EXP 12/02/202 1,547,292 $3.0M Add +5.4% JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 1,170,817 $252K No change
Total filed on the 13F, all lines: $236.1M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ APG Api Group Corp. Sold out 0.00% −9.96 SPHR Sphere Entertainment Co. Sold out 0.00% −3.31 CLAR Clarus Corp. Sold out 0.00% −1.38 LFCR Lifecore Biomedical Inc. Reduce -9.4% 5.01% −1.33 MAMA Mama's Creations Inc. Reduce -25.7% 0.03% −0.01 FASWF Stonebridge Acquisition Corp. Sold out 0.00% −0.00 RSSS Research Solutions Inc. Reduce -22.2% 0.03% −0.00 KKR KKR & Co. Inc. Reduce -17.4% 15.74% +0.30 CLBT Cellebrite Di Ltd. Reduce -7.8% 12.84% +2.13
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ PAR Par Technology Corp. Add +35.1% 31.41% +9.46 ALTG Alta Equipment Group Inc. New 5.04% +5.04 LPX Louisiana-Pacific Corp. New 3.86% +3.86 HGTY Hagerty Inc. Class A Add +13.0% 4.75% +1.23 BUR Burford Capital Ltd. Add +2.5% 11.40% +0.72 MTRX Matrix Service Co. Add +14.3% 0.09% +0.03 APPS Digital Turbine Inc. Add +31.8% 2.95% −2.81
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ CLBTW Cellebrite Di Ltd. -CW23 *W EXP 99/99/999 Reduce -11.6% 2,536,109 $5.5M HAGERTY INC *W EXP 12/02/202 Add +5.4% 1,547,292 $3.0M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 17 $154.0M HGTY, CLBT, KWY, LFCR, PAR Q1 2026 17 $145.4M HGTY, CLBT, KWY, ASTS, LFCR Q4 2025 15 $230.8M HGTY, PAR, LFCR, CLBT, KWY Q3 2025 Amended 15 $242.3M PAR, HGTY, CLBT, KKR, LFCR Q2 2025 18 $284.8M PAR, KKR, LFCR, CLBT, BUR Q1 2025 17 $243.2M PAR, CLBT, KKR, LFCR, BUR Q4 2024 16 $258.7M PAR, CLBT, KKR, LFCR, BUR Q3 2024 14 $235.0M PAR, KKR, CLBT, BUR, HGTY Q2 2024 15 $205.5M PAR, KKR, CLBT, BUR, ALTG Q1 2024 16 $227.4M PAR, KKR, CLBT, BUR, ALTG